If you were wondering how substantial a role pension benefits play in the economy at large, particularly as defined benefit plans are increasingly giving way to defined contribution plans such as 401(k)s, a new report has examined just that question.
A report from the National Institute on Retirement Security, “Pensionomics 2016: Measuring the Economic Impact of Defined Benefit Pension Expenditures,” found that economic gains attributable to defined benefit pensions in the U.S. are “substantial.”
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